Fri, Sep 15, 2023 4:12 PM
Axis Bank, Grasim Industries, 4 other large cap stocks reach all time high
A Flip by Avya Verma
The sell-off in Paytm shares, which commenced in early February, appears to be continuing, as the stock hit a new all-time low of ₹317.15 apiece in today's session as it was locked in the 5% lower circuit limit. The stock's previous all-time low of ₹318 was recorded in mid-February. Today's downturn in One 97 Communications marks the 10th consecutive session of losses for the stock.
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Since the start of 2023, companies that can harness artificial intelligence (AI) have experienced high demand. Symbotic (NASDAQ: SYM) is one such company, providing AI-powered warehouse automation solutions. The stock is up 54% over the past year, but after the company's blowout financial results, one Wall Street analyst believes there's more to come.
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Diversification has been a key focus of Realty Income (NYSE: O) in recent years. The real estate investment trust (REIT) has been broadening its portfolio beyond its core retail focus to include industrial, gaming, data centers, and other properties. It has also expanded its geographic reach beyond the U.S. by moving deeper into Europe. That diversification strategy is paying dividends.
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